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Showing 1101 - 1110 of 3209 results for "Scheme"

NULIS calls for clearer regulatory definitions

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
NULIS said it intends to explore opportunities to enhance its intra-fund advice offering, but requires more concise regulatory definitions before it can proceed. In a written response submitted to the House of Representatives Standing Committee on Economics ...

Domestic violence super reforms stall

ALLY SELBY  |  THURSDAY, 23 JUL 2020
Representatives from industry super and a legal body have called on the Federal Government to deliver on a promised scheme that would have stopped domestic violence perpetrators from hiding their super assets from their spouses. Women's Legal Service ...

Super fund COVID-19 requirements to remain

ANNABELLE DICKSON  |  THURSDAY, 23 JUL 2020
... the regulator to conduct an ongoing assessment of the impact of the coronavirus and the government's early release scheme (ERS) on superannuation licensee and provides insight into member switching, investment options, foreign currency exposure and ...

ASIC suspends OTC derivatives issuer

ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
... to conduct necessary activities under the licence throughout the suspension period. This includes a dispute resolution scheme, arrangements for compensating retail clients, to hold professional indemnity insurance and to allow the termination of existing ...

JobKeeper, JobSeeker to be extended

ELIZA BAVIN  |  TUESDAY, 21 JUL 2020
... federal government an extra $3.8 billion, bringing the total cost of the program to $16.8 billion. The JobKeeper wage subsidy scheme had been providing eligible businesses with $1500 per fortnight for each staff member kept employed during the pandemic. ...

Chief economist update: Haste makes Budget waste

BENJAMIN ONG  |  TUESDAY, 21 JUL 2020
... JobKeeper wage subsidy program from September to March 2021 but at lowered payment of A$1200 per fortnight (from A$1500). The scheme will also impose tighter eligibility tests for businesses that have suffered a sharp drop in turnover, and it will include ...

Government expands SME Guarantee Scheme

ANNABELLE DICKSON  |  MONDAY, 20 JUL 2020
... the pandemic are set to get up to $40 billion of relief after the government announced it is expanding the SME Guarantee Scheme ahead of its economic update on Thursday. The initial phase of the scheme remains available for new unsecured loans up to ...

Aware Super unaware of members with disabilities

KANIKA SOOD  |  MONDAY, 20 JUL 2020
... fund communicated with its member cohort with special needs for significant changes including the early release of super scheme or PMIF/PYSP changes, it pointed to the above methods. The fund said it started emailing members about the rebrand on July ...

Super to tip into negative cash flows: Research

ELIZABETH MCARTHUR  |  MONDAY, 20 JUL 2020
... associate principal Abhishek Chhikara said. "Our research has found that increased withdrawals from the 'early release' scheme alone could put 14 additional funds at risk of falling into a negative cash flow position in FY20. That comes on top ...

Former investment adviser charged with $85m fraud

ELIZA BAVIN  |  MONDAY, 20 JUL 2020
... Commission have charged a former registered investment adviser with fraud for his alleged role in a US$60 million Ponzi-like scheme. The SEC alleges that David Hu, the co-founder and chief investment officer of International Investment Group (IIG), from ...